Your emotional well-being is made up of your joys and your stresses. This day-to-day mood is changeable according to how your day is going. According to a Princeton study, earning more money (up to a point) increases your well-being. Past that point (around AU$100K per year) no amount of money can ever increase you well-being. You have “enough expendable cash to do things… like going out with friends” so happiness stops increasing with disposable income. Above this threshold, your well-being can only be increased by increasing your free time, and using your free time well.
Have you ever noticed how all of the popular buzz words are a bit over the top? They are essentially explaining something which already exists in a ‘transformative’ manner – see what I did there! These buzz words are generally something like Risk Management, Succession Planning, Synergy, Customer Experience… the list goes on.